Here is your weekly recap of the changes in gold price and silver prices for the week of December 20th to 23rd:
This passing week precious metals didn’t show many changes in their prices as this short week ended with Christmas. It seems that the market for gold and silver wasn’t traded at high volume. In total, gold spot price and silver price showed very a moderate declines.
At the end of the week, the spot Gold prices fell by 0.4% compare to the beginning of the week; this week’s average price was 1,385 USD /t. oz – a 0.3% drop compare to last week’s average weekly price of 1,389 USD /t. oz.
A similar picture is for silver price as it fell by 0.1% from the beginning to the end of the week, and also fell by 0.1% from this week’s average weekly price of 29.37$/t oz., compare to 29.38$/t oz.
On average, gold prices rose by 0.02% on a daily basis, while silver prices rose by 0.17%.
In the following table I present a summary of last week’s descriptive stats of spot gold prices and silver prices:
I have added a chart in which gold prices and silver prices are presented as follows: the price of each commodity is normalized to 100 for the price as of 20th of December – the beginning of the week.
In the final graph you can see the daily percent change of these precious metals for last week. According to the graph the Silver prices fluctuated throughout the week between 0.8% and -0.2%, while Gold prices changed between 0.5% and -0.5%, both showing very low volatility compare to last week.
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